REASONS OW TO DID (List ways to avoid) BUSINESSES FAILURE Mistaking A Business for a Hobby Asking Friends & Relatives for Advice Asking Friends & Relatives for Money
REASONS OW TO DID (List ways to avoid) BUSINESSES FAILURE Mistaking A Business for a Hobby Asking Friends & Relatives for Advice Asking Friends & Relatives for Money
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
![REASONS
HOW TO AVOID (List ways to avoid)
BUSINESSES
FAILURE
Mistaking A
Business for a
Hobby
Asking Friends &
Relatives for Advice
Asking Friends &
Relatives for Money
Mismanaging Money
Poor Marketing
No Business Plan
No Understanding
of Pricing
Inability to
Manage Growth
Inability to Plan for
Transitional Periods
Lack of Commitment
Failure to Set and
Revise Goals
Inability to Develop
and Monitor
Financial
Statements
Inability to Balance
Business & Family
Underestimation of
the Time
Requirements](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F502c0dc4-12ef-49bb-a28b-30933f5cd50e%2F53d303d4-8039-4c23-a258-1374ce55ae71%2F3jvnt_processed.png&w=3840&q=75)
Transcribed Image Text:REASONS
HOW TO AVOID (List ways to avoid)
BUSINESSES
FAILURE
Mistaking A
Business for a
Hobby
Asking Friends &
Relatives for Advice
Asking Friends &
Relatives for Money
Mismanaging Money
Poor Marketing
No Business Plan
No Understanding
of Pricing
Inability to
Manage Growth
Inability to Plan for
Transitional Periods
Lack of Commitment
Failure to Set and
Revise Goals
Inability to Develop
and Monitor
Financial
Statements
Inability to Balance
Business & Family
Underestimation of
the Time
Requirements
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